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424 Trenton Rd

$1,275,000

424 Trenton Rd, Pemberton Township, NJ 08015

Active
Last Updated: 10/07/2025

6.19

Cap Rate

78,981

NOI

Details:
Cap Rate:    6.19%
NOI:    $78,981
Building Size:    6,000 sqft
Year Built:    1966
Price Per Sqft:    $212.50
Zoning:    RESIDENTIAL
Roof:    Architectural Shingle, Flat
Highlights:
  • Days on Market: 74
  • Heating: Baseboard - Electric, Forced Air
Description:

Presenting an exceptional investment opportunity at 424 Trenton Road, this 9-unit multifamily property offers the perfect blend of stability and upside. With 7 of the 9 units already fully remodeled and a brand new septic system installed in 2021, the heavy lifting has been done. The unique 5-building layout provides a private, residential feel that attracts a wide range of quality tenants.

Current ownership has meticulously managed major capital improvements, mitigating future risk for the next investor. The property features a diverse mix of studio, 1, 2, and 3-bedroom units. There is a clear and immediate path to increase cash flow by leasing two vacant units at market rent and raising the significantly under-market rent on the flagship 3-bedroom, 2-bath main house.

With a pro-forma cap rate of 6.19% and its strategic proximity to Joint Base McGuire-Dix-Lakehurst ensuring a consistent tenant pool, this property is a powerful addition to any investment portfolio. Don't miss this chance to acquire a stabilized, cash-flowing asset with tangible upside.

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